Pound loses ground against dollar after strong US jobs data

London’s FTSE-100 index of leading shares fell by 46.96 points to 7443.43 points. In UK stocks, Vodafone was one of the biggest risers on the FTSE 100, up 2.38% or 5.1p at 219.5p. The telecoms company confirmed on Friday that it is in early stage discussions regarding the acquisition of just some of …

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US bond market rout fears trigger Wall Street sell-off

In Europe, the FTSE 100 recorded its worst week since April last year when Theresa May called the snap election, dropping by 47 points to 7,443, while Germany’s Dax fell 1.7%. The worst week for stocks under Donald Trump comes after one of the best years in history for shares in 2017 and just a week …

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Pound loses ground against dollar after strong US jobs data

In UK stocks, Vodafone was one of the biggest risers on the FTSE 100, up 2.38% or 5.1p at 219.5p. The telecoms company confirmed on Friday that it is in early stage discussions regarding the acquisition of just some of Liberty Global’s European assets. The announcement comes after rumours that …

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Exxon, Chevron Fall Despite Rising Oil Prices: LIVE MARKETS BLOG

Nasdaq futures were down 0.42% while S&P 500 futures fell 0.6%. World markets weren’t fairing much better with the Shanghai Composite being the lone major Asian market to close the day in the green. The Nikkei fell 0.9% and the Hang Seng closed 0.07% down. In Europe, the FTSE 100 was down …

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Results, risk aversion drag FTSE 100 to worst week in nine months

Results, risk aversion drag FTSE 100 to worst week in nine months. Kit Rees. 4 Min Read. LONDON (Reuters) – Britain’s top share index sealed its worst week in nine … The blue-chip FTSE 100 .FTSE index closed down 0.6 percent at 7,443.43 points, its fourth day of straight losses, and suffered its worst …

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Investors Chronicle: Entertainment One, Capita, PZ Cussons

The FTSE 100 has tended to beat small-caps in the 12 months after the dividend yield on the FTSE 100 has been high, which shouldn’t be surprising. It’s also done well after interest rates have been high; not just three-month rates but also five-year yields and longer-dated index-linked yields. It shouldn’t …

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Threat of sudden rate rises hits shares

In London the FTSE 100 closed down 0.6 per cent at 7,443.43, leaving it 2.9 per cent lower for the week. Stronger growth in earnings in December and January than had been expected pushed wage growth up to 2.9 per cent year-on-year, the fastest since Ju…

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FTSE 100 follows global stock market sell-off as bond yields jump

The FTSE 100 today fell to its worst weekly performance since the summer in spite of the weaker pound – usually a boon to big multinationals with big dollar earnings. London’s blue-chip index lost more than 0.6 per cent to reach 7,443.43 points, its lowest close since 14 December to cap a week in …

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UPDATE 1-Results, risk aversion drag FTSE 100 to worst week in nine months

LONDON, Feb 2 (Reuters) – Britain’s top share index sealed its worst week in nine months on Friday after results from BT were met with disappointment and commodities stocks tumbled amid a global equity market sell-off. The blue-chip FTSE 100 index closed down 0.6 percent at 7,443.43 points, …

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Stocks Remain Firmly Negative In Mid-Day Trading – US Commentary

While the UK’s FTSE 100 Index dropped by 0.6%, the French CAC 40 Index and the German DAX Index tumbled by 1.6% and 1.7%, respectively. In the bond market, treasuries have moved sharply lower following the upbeat jobs data. Subsequently, the yield on the benchmark ten-year note, which …

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Oil Prices Consolidate Near Session’s Highs

Oil prices try to resume a recovery on the back of the news that confirmed the effectiveness of the OPEC deal. However, a rise in oil prices is still limited. The Brent Crude Benchmark has reached the psychological level of $70 per barrel, but then the price movement corrected and quotes retreated to $69.40 per barrel. Experts say that the deal on output freeze signed by the major oil producers provides support to oil prices, but investors […]

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FTSE 100 Nears Important Support, Eyes BoE ‘Super Thursday’

FTSE 100 Nears Support After a Negative Week The index of the UK’s top 100 companies has fallen for five days in a row as we write as investors shun riskier assets. Sterling’s recent strength continues to weigh on exporters’ foreign exchange related gains, while rising UK gilt yields make the less risky …

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U.S. Factory Orders Jump More Than Expected In December

After reporting a bigger than expected jump in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Friday showing factory orders once again increased by more than expected in December.

The Commer…

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U.S. Consumer Sentiment Index Shows Slight Drop In January

Revised data released by the University of Michigan on Friday showed only a slight deterioration in U.S. consumer sentiment in the month of January.

The report said the consumer sentiment index for January was upwardly revised to 95.7 from the prelim…

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FTSE 100 watch: Footsie stays in the red after US jobs report

The UK benchmark index has lost ground in today’s session, heading for a loss this week, pressured by corporate updates. The FTSE 100 has stayed in the red following the release of the US non-farm payrolls expectations which beat analyst expectations.

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Dollar Higher After Upbeat U.S. Jobs Data

The U.S. dollar advanced against its major counterparts in the European session on Friday, as robust U.S. jobs data bolstered the prospect of a Federal Reserve interest rate hike in March.

Data from the Labor Department showed that the non-farm payro…

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Bitcoin Forecast — February 2nd 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 2nd session. Bitcoin/USD — As you can see, bitcoin sold off against the US dollar breaking significantly below the $10,000 level. On decent volume, it was very heavy on a couple of hourly candles, reaching the $9,000. We actually depend on the exchange to talk about, to reach as low as $8,700 or so. For me, this was a significant breakout. Rallies will be […]

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Bitcoin Forecast — February 2nd 2018

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 2nd session. Bitcoin/USD — As you can see, bitcoin sold off against the US dollar breaking significantly below the $10,000 level. On decent volume, it was very heavy on a couple of hourly candles, reaching the $9,000. We actually depend on the exchange to talk about, to reach as low as $8,700 or so. For me, this was a significant breakout. Rallies will be […]

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U.S. Dollar Jumps as January Jobs Come in Strong

January jobs printed above expectations, and this is helping the Dollar to firm as we move towards week-end. But, will this be enough to push the Greenback higher as we move towards the widely-expected March rate hike?

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